$2,295,000
The subject property is a luxury, 2018-constructed fourplex located in the heart of North Hollywood. This rare investment opportunity offers a modern, high-yield asset with NO RENT CONTROL (exempt from Los Angeles RSO), allowing for market-rate rental increases and significant long-term appreciation. The building features an exceptional unit mix consisting of two massive 3-bedroom, 2-bathroom units and two expansive 4-bedroom, 3-bathroom units. Each residence is designed with high-end finishes, including: Modern Kitchens: Sleek island kitchens with quartz countertops and stainless steel appliances. Designer Interiors: Open-concept floor plans featuring recessed lighting, vaulted ceilings, and durable vinyl plank flooring. Convenience: In-unit laundry hookups, central A/C and heat, tankless water heaters, and private balconies/patios. Parking: Ample on-site parking (approx. 6-8 spaces) ensures ease for tenants in this high-demand area. The property is a 3-minute drive from the North Hollywood Metro Station and moments away from the multi-billion dollar NoHo West development. Walk Score: 80 (Very Walkable) Demand: The densely populated North Hollywood submarket ensures consistently low vacancy rates and expeditious lease-ups.
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Listed by Morgan McMullin with Keller Williams Beverly Hills (310) 432-6400
Property Type
Residential Income
Status
Active
MLS Number
26662015
Year Built
2018
Lot Size
7,802 sq ft